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    Cyclehoop Rentals Insurance – Case Study

    Our Bikehangar Rentals scheme has been in operation since 2013. Along the way we’ve looked to make the lives of the users of the units as simple and seamless as possible, with security updates on the product, reminders of how to use the units correctly, and crucially, the installation of scores more across the city.

    We know that fear of the roads – and of bike thieves – is a huge barrier to people cycling in the capital so our aim is to continually do our bit to eliminate some of this fear. Our most recent offering to our loyal Bikehangar users is access to cycle insurance cover from our new partners, Bikmo.

    Insurance policy small print can often be confusing and, let’s be honest, infuriating if you discover something last minute that compromises your claim. Ourselves and Bikmo have endeavoured to make things as simple as possible for you. We are the first cycle parking company to offer 24/7 insurance cover for your bike in our Bikehangars thanks to Bikmo. As long as you Bikehangar is within 500m of your home and is locked in accordance with these guidelines, we can offer you total peace of mind. We promise there are no tricks, nor is there any misdirection involved.

    We met up with a Southwark Bikehangar user, Rosie, one sunny afternoon. She talked us through some of her views on cycling in London and what the Bikehangar space – and insurance cover – means to her.
     
     

     
     
     
     
     
     
     
     
     
    Q: Hi Rosie. Thanks for meeting with us today. Could you start by telling us the biggest challenges you face as a cyclist in London.

    A: “I get abuse relatively frequently. Not so frequently that it puts me off but enough that it affects me. That is just do something that comes with being a woman and a cyclist.”

    Q: If you were Mayor, what would be the first three things you would do to improve London for cyclists?

    A: “I like what Sadiq’s doing in pedestrianised areas. He could maybe do the same for cyclists by making busy roads more cycle friendly and make quiet roads pedestrian and cycles only. I know he’s focused on reducing diesel vehicles in the city and I think HGVs need to be banned from zones 1 and 2.

    Q: What were the key reasons you chose to insure your bike with Bikmo?

    A: “I read that it is the only one that covers the hangars as part of your home.’

    Q: Where did you hear about it and was it communicated well?

    A: “Through Cyclehoop. Yes, it was communicated well.”

    Q: ‘Is there anything else you’d like on offer as a Bikehangar user?

    A: More of them. I’ve applied for a new one with the council but if there could be some way of speeding it up that it would be great.

    Q: Do you feel more confident now that your bike is secured 24/7?

    A: Definitely. Occasionally we’d store them in our flat or outside and bits got stolen so now I know it’s secure, it’s great.

     

    You may have a bike that is worth very little, in which case, insurance may not be for you if you feel your bike is expendable. However, if your bike is of some value, either sentimental or financial, then this deal is something you should carefully consider. Bikmo consistently receive extremely complimentary reviews and have some of the best policy benefits in the industry.

    Securing a policy couldn’t be easier. Simply click on this link for a 16 second quote and enter the code ‘HOOP’ for a 10% discount, but be quick, the discount ends on 30th June. Policies start from as little as £5.14 per month.